My 3 Biggest Stock Market Predictions for June
Time waits for no investor, and we just rolled into June, 2023. The immediate rearview mirror shows a rollicking market with inflation worries coming and going, a narrowly averted default on the U.S. government's debt, and an inspiring recovery from the dark days of 2022. The S 500 (SNPINDEX: ^GSPC) index has posted a total return of 12% year to date, and the more volatile Nasdaq Composite (NASDAQINDEX: ^IXIC) scored a 27% total gain over the same period.
Many news sites, investor hangouts, and economic analysis outlets are using the start of a new month to provide forecasts for what the stock market will do in June. But I'm not going to tell you where the S 500 is going next, how far the Nasdaq Composite index will rise or fall this month, or what the Federal Reserve will say at the next interest-rate update.
Because I don't know. And none of it really matters in the long run.
Source Fool.com
